Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

FourScore

(9,704 posts)
Sun Oct 21, 2012, 12:59 AM Oct 2012

Bain, Solamere, HIG, and Hart Intercivic -- A Who's Who

From: https://plus.google.com/109667384864782087641/posts/8RwPrJ64F9f

Who is H.I.G.?

Two of H.I.G.’s managing directors, Douglas F. Berman and Brian D. Schwartz, were present at the $50,000 per plate fundraiser where Mitt Romney made his notorious ”47%” comments.

H.I.G. was founded by Tony Tamer, a former Bain employee and bundler for Mitt Romney’s campaign.

Of H.I.G.’s 22 American directors, 21 donated to Mitt Romney’s 2012 presidential campaign. One person made no political donations at all; one person donated to both Mitt Romney and Barack Obama; the remaining 20 directors donated exclusively to Mitt Romney in 2012...

SNIP

...Out of 49 partners and directors, 48 are men, and 47 are white. Eleven of these men, including H.I.G. Founder Tony Tamer, were formerly employed at Bain and Company, and two of those men, John P. Bolduc and Douglas Berman are Romney bundlers along with former Bain and H.I.G. manager Brian Shortsleeve.

Additionally, four of these men were formerly employed at Booz Allen Hamilton. Bush family friendly Carlyle group is an owner of Booz Allen which also made voting machines for the United States military. Booz Allen was also the key subcontractor for the controversial PioneerGroundbreaker program, an NSA data mining operation that gathered information on American citizens until it was shut down and replaced with even more invasive successor programs like MATRIX and Total Information Awareness.

H.I.G. Capital employees have given $338,000 to Mitt Romney's campaign. That amounts to over $1500 per employee. Bain Capital, Mitt's former company, by comparison, only gave him $268,000. H.I.G. is the 11th largest donor to the Romney Campaign...

SNIP

...How is Tagg Romney & Solamere related to H.I.G. Capital??

Through a closely held equity fund called Solamere, Mitt Romney and his wife, son and brother are major investors in an investment firm called H.I.G. Capital.

There appears to be two Solamere entities, Solamere Group or Capital and Solamere Advisors. The Advisors seems to be the group that invested in H.I.G. Capital and might be assumed to be an attempt to shield Mitt Romney from being directly connected. Mitt invested $10 million into Tagg's Solamere Capitial venture.

However, according to SEC filings, Solamere Group owns a large stake in Solamere Advisors (referred in documents as CAMG Solamere).

https://plus.google.com/109667384864782087641/posts/8RwPrJ64F9f

And from the DailyDolt -- http://www.thedailydolt.com/2012/10/10/former-bain-employees-own-voting-machine-company-used-in-swing-states/

Links to H.I.G.’s American directors:

Tony Tamer – Bain alum; Romney bundler; donated to Mitt Romney’s campaign

Sami Mnaymneh – donated to Mitt Romney’s campaign as well as Barack Obama’s campaign

Douglas Berman – Bain alum; Romney bundler; donated to Mitt Romney’s campaign

John Bolduc – Bain alum; Romney bundler; donated to Mitt Romney’s campaign

Rick Rosen – donated to Mitt Romney’s campaign

Brian Schwartz – bundler for the Romney campaign; donated to Mitt Romney’s campaign

Timothy Armstrong – donated to Mitt Romney’s campaign

John Black – donated to Mitt Romney’s campaign

Dave Blechman – donated to Mitt Romney’s campaign

Peter Cornetta – donated to Mitt Romney’s campaign

Marc Kramer – No known donations to presidential campaigns

Chris Laitala – donated to Mitt Romney’s campaign

Elliot Maluth – donated to Mitt Romney’s campaign

William Nolan – Bain alum; donated to Mitt Romney’s campaign

Michael Phillips – Bain alum; donated to Mitt Romney’s campaign

Matt Sanford – Bain alum; donated to Mitt Romney’s campaign

Lewis Schoenwetter – donated to Mitt Romney’s campaign

Richard Stokes – donated to Mitt Romney’s campaign

Neil Tuch – donated to Mitt Romney’s campaign

Bret Wiener – donated exclusively to Mitt Romney’s campaign for 2012; donated initially to Mitt Romney and then to Barack Obama during the 2008 election

Rob Wolfson – donated to Mitt Romney’s campaign

Jeff Zanarini – Bain alum; donated to Mitt Romney’s campaign

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Bain, Solamere, HIG, and Hart Intercivic -- A Who's Who (Original Post) FourScore Oct 2012 OP
so much conflict of interest Angry Dragon Oct 2012 #1
Latest Discussions»General Discussion»Bain, Solamere, HIG, and ...